Government Plans Bolstering Economic Relations with Friendly Countries

Current crisis facing Syria has produced new economic drives and orientations. The most important among them is the economic policy towards reactivating and developing Syria's relations with friendly countries which support our regional and national issues.

Ministry of Economy and Foreign Trade has recently made a special study aiming at achieving remarkable economic relations between Syria and the Customs Federation States (CFS) including Russia, Belarus and Kazakhstan. The study concentrates at the importance of redoubling efforts as to strengthen Syria's economic relations with Eastern Countries and as well as with well-known economic blocs. It's worth  mentioning that three rounds of negotiations were held between Syrian experts and representatives of the Customs Federation states .

With regard to the business sector, the study stresses the essential role of stimulating the businessmen's meetings as well as supporting cooperation between Syria's chambers of commerce and industry to take part in the international fairs being held in the customs federation states.

The study concentrates on making use of the friendly countries technical expertise, taking into consideration the key role of  china and Russia in this connection.

The mentioned study refers to the necessity of holding investment trade and economic Forums to enhance direct contacts with the customs federation states.

With respect to the investment domain, the study confirms the necessity of carrying out investment projects in Syria with the aim of exchanging expertise in all fields.

The current period and the forthcoming days as well as sanctions against Syria require making use of the available potentials in all domains mainly the scientific research one.

Despite the unjust economic sanctions and siege imposed on Syria, big efforts are exerted to ease the siege through increasing Syrian exports, opening new markets and holding exhibitions for Syrian industries in the friendly countries.

Rawaa Ghanam

 

 

 

Trade & Economic Cooperation with Ukraine to be bolstered

In the light of the unjust economic sanctions and pressures against the Syrian economy, the Syrian Government is keen on adopting extraordinary measures as to overcome the bad circumstances and  protect its national economy to ensure all production requirements . 

Syria's economic current plans aim at enhancing cooperation and coordination with friendly countries, which have proved their solidarity with Syria in all fields, especially the political one.  Ukraine is considered one of these friendly countries which seeks to discuss all means of developing prospects of cooperation between Syria and Ukraine  in the benefit of the two countries.

 .For this purpose, Syria and Ukraine initialed a Free trade draft agreement last year aiming at expanding trade exchange in all fields, and at developing their cooperation with other countries. The draft agreement is of great importance in consolidating economic and trade exchange due to Syria's distinguished position on the Mediterranean Sea and Ukrainian strategic position on the Black Sea .

 The draft agreement confirms the necessity of eliminating restrictions on goods to facilitate trade exchange between Syria and Ukrainian. It stresses the essential role of constant and direct contacts between Syrian and Ukrainian experts with the aim of exchanging expertise in all fields.

 In a recent press statement. the Deputy Economy and Foreign Trade Minister, Dr. Hayyan Salman,  said that Ukraine has a big economic market within the European Union ( E U) States, and is a pioneering country in qualified industrial and scientific experts

Salman underlines that the current crisis in Syria necessitates the enhancing and developing of all means of cooperation with friendly countries.

According to the Deputy Foreign Trade Minister, there is a dire need for  an official final signing of the said draft agreement, setting –up a joint trade centre to facilitate the export-import movement between Syria and Ukrainian, asserting that Syria is keen on discussing and bolstering all means of cooperation and joint economic , trade and investment projects with  Ukraine.

Furthermore, Dr. Salman highlighted the importance of establishing   a permanent sales center of Syrian products in Ukraine, reactivating of Syrian and Ukrainian businessmen Council, and of carrying out joint economic activities and  organizing joint exhibitions.

Rawaa Ghanam

 

 

 

Despite crisis, Syrian-made clothes to be exported

Syrian economy growth has been recently hit hard because of the foreign-backed terrorist groups' sabotage and destruction acts in Syria , not to mention the unjust  sanctions imposed on it by the Arab League, US, and the European Union.

Trade value in 2012

Official statements show serious negative effects on trade value pointing out that "until August 2012, the weight of Syrian exports estimated about 2.557 billion kg (of the value SP 117.6 million) against 8.173 billion kg (of the value SP. 294.6 m) in comparison with the same month in 2011.

While, the value of imports from January to August 2012 reached SP 620.8 million against SP 664 million in the previous year, according to the index of export and import published by the Syrian official "al-Thawra" Newspaper.

Prices increased

As for prices, they increased by 32.5 percent from May 2011 to May 2012, and 15.4 percent since the beginning of the year, according to official Syrian statistics.

Regarding production and internal trade, all sources stress that it is getting worse due to recent events in Aleppo and Damascus, the two important centers for production in Syria.

30% of workshops closed

Damascus Chamber of Commerce member Sonia Khanji told "alwatan" newspaper that about 30 percent of Syria's small and medium business had been closed, resulting in higher unemployment, which stands at about 25 percent.

Gradual improvement

However, a few businessmen have decided this month to resume work as remittances and transport between the capital (Damascus) and the industrial city (Aleppo) are somehow better than before.

The "Syriasteps" website reported that the resumption of production in some factories (without mentioning names) in these two cities synchronizes with the return of small workshops to work in Damascus countryside to produce accessories for clothes industry.

 Scarcity

This brave step during the current situation in the country would be a unique opportunity to sell all products due to scarcity in local and export markets.

Safe roads

But, the next difficult step is to transport the goods to Syrian markets and abroad by safe roads. It's somehow difficult nowadays, because of the terrorist groups' blocking of several roads.

 Recent demands

Recently, dozens of Syrian-made winter clothes exporters have received demands from several states. The main reasons are high quality and competitive prices of the Syrian products which most Arab states including Morocco, and Egypt have got accustomed to wear.

But it wasn't easy to meet such demands and to sign contracts in Syria as unrest still hinders Arab importers' visit to Damascus and Aleppo.

Syria in Cairo Fashion

The only way was to select another place for meeting such as Cairo, where dozens of Syrian industrialists and exporters headed to take part in the 50th Cairo Fashion Tex2012 organized by Pyramids Fair Group.

The participation was the result of efforts exerted by Association of Clothes and Textile Exporters, Motex Administration, Chamber of Industry, the Commission of Supporting Exports, and the Exports' Financing Program.

 

Basma Qaddour

 

 

 

Development projects with Agha Khan Representative discussed

Prime Minister, Dr. Wa'il al Halaqi recently met with Resident Representative of the Agha Khan Network in Syria Mohamad Seifo and the Network's technical team.

During the meeting, the two sides reviewed the Network's activities, its development projects over 30 countries in the world and its relations in the field of cooperation and development with government and non- government organizations.

They also discussed the development projects being carried out by the Network in the domain of hospitals, health care, rural and agricultural development, financing small and medium enterprises, rehabilitation and renovation castles and archaeological sites.

The Premier called for coordination between the Network and concerned bodies to carry out the standing projects and cooperation to establish new projects.

For his part, Mr. Seifo highlighted the government's support and facilities that help the Network to carry out its projects in the framework of supporting the process of economic and social development in Syria.

 

     Sharif al Khatib

 

 

 

Business cooperation with Pakistani, Iranian companies

Pakistani Himark Group has showed desire to cooperate with Syrian economic activities particularly Syrian businessmen. The cooperation will be in the domain of exporting livestock, such as cows, sheep and camels and facilitating the process of buying equipment for exploring oil and water as well as exporting sorts of marble, granite and precious stones.

On the one hand, Iranian industrial Kawa also showed readiness to export 3500 tones of heavy sodium chloride per month to Syria and import 400 tones of glass after solving the matter of freight to these materials to Syria.

Economy Ministry and the Federation of Industrial, Commerce and Agriculture Chambers called for cooperation with the Pakistani and Iranian Groups.